Cash News
Expert claims that ‘sneaky’ new move could see largest parts of fund being taxed at up to 47pc
Finance Minister Jack Chambers (left) and Public Expenditure Minister Paschal Donohoe at the 2025 Budget press conference in Dublin on October 1. Photo: PA
People who are signed into the new mandatory pension scheme could be facing a tax sting after changes made in the Finance Bill.
The last-minute change to the law underpinning auto-enrolment has been described by a pensions expert as “sneaky” and has the potential to mean those drafted into the scheme could end up paying more tax when they retire than people with other forms of pension.